Latest Due Diligence News

Northern Minerals has received coordinated, conditional support from Australian and US government agencies for up to US$230 million in funding to develop its Browns Range heavy rare earths project, a key step in diversifying global supply chains.

VHM Limited has obtained conditional financial backing of up to A$379 million from Export Finance Australia and the US Export-Import Bank to advance its Goschen Rare Earths and Mineral Sands Project in Victoria.

Freehill Mining reports strong magnetite concentrate grades at its Yerbas Buenas project, while advancing its aggregates business and exploring copper-gold opportunities in Chile.

Native Mineral Resources and Great Divide Mining have agreed to jointly develop and process ore from the Yellow Jack Gold Project at NMR’s Blackjack Plant, aiming to enhance regional gold production.

Great Divide Mining’s subsidiary has signed a binding term sheet with Native Mineral Resources to form a joint venture aimed at mining and processing gold ore from the Yellow Jack site, marking a key step towards production and cash flow.

United States Antimony Corporation has made a non-binding indicative offer to acquire Larvotto Resources at a significant premium, proposing a strategic merger focused on antimony supply chain security and growth.

EV Resources has secured a 150-tonne-per-day processing plant near its Los Lirios project, fast-tracking antimony production and positioning itself as a key North American supplier.

Jindalee Lithium has successfully raised $8 million through a private placement, complemented by a $1 million Share Purchase Plan, to advance its McDermitt Lithium Project and a strategic US SPAC transaction.

Eden Innovations is set to complete the sale of its Georgia industrial property for US$5 million, aiming to significantly reduce its debt burden. The sale proceeds will primarily repay over US$4 million of the company’s iBorrow loan, easing financing costs.

Asian Battery Metals PLC has successfully raised $6 million through an oversubscribed equity placement, positioning the company to advance exploration and acquisition efforts across its Mongolian battery metals projects.

GreenX Metals has uncovered a significant 1940 historical copper estimate of 728,000 tonnes at 2.6% grade from its Tannenberg Project in Germany, validated by a 1984 drilling campaign including silver by-product. The discovery supports a modern exploration model and sets the stage for a new drilling program to confirm and upgrade the resource.

Asian Battery Metals has reinforced the potential of its Maikhan Uul copper-gold project in Mongolia with new drilling confirming a substantial massive sulphide zone. Pending assays and geophysical data suggest a promising extension of the mineralised system.